President Biden released an executive order on AI development, drawing parallels to the early fears and regulatory considerations during the dawn of the microprocessor and internet, highlighting that past technological advancements were less hindered by government intervention.
The article suggests that current attitudes towards AI, including the executive order, may stifle innovation by preempting the technology with restrictions, drawing a contrast to the enthusiasm and optimism that characterised past tech revolutions.
Specific concerns are raised about the broad application of the term “Trustworthy AI” and the potential of the executive order to create a “guilty until proven innocent” stance towards AI, which could lead to premature regulation and stifle its use in various fields.
It is argued that AI, like past technological advancements, will not necessarily lead to job loss, but instead transform roles and industries; the article cautions against baseless projections of negative outcomes and supports a more open approach to AI’s potential.